Payments Monitor

Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 8th of October 2015, and some top stories of interest in my feed are: TOP STORIES Lets start with the bad news. If you’re a Deutsche Bank shareholder, you have everything to be worried about. The German bank just announced 6 Billion Euro loss for its 3rd quarter, and a new record. The 7 Billion Dollar loss sent shockwaves throughout the financial world, no one was expecting this. Germany’s been experiencing an extended summer of discontent, considering the Volkswagen emissions scandal. Deutsche Bank will be initiating jobs cuts, pay cuts, and cleaning up banker’s bonuses. As far as dividend to shareholders is concerned, I’m afraid things aren’t looking rosy on that front either. The European parliament just formally adopted the revised Directive on Payment Services, better known as PSD2. The new directives essentially set new rules to boost competition and innovation whilst at the same time improving consumer protections. The